HomeMy WebLinkAboutHandouts_Regular_6/8/2023Tequesta General Employees' Pension Plan
Historical Expense Report
FYE 2020 Actual FYE 2021 Actual FYE 2022 Actual FY22
ExpenseExpenseExpense% Total
Account Description
Plan Expense:
Investment Expenses:
General25,642.0031,812.0034,488.0038.3%
Subtotal (Investment Expense)25,642.0031,812.0034,488.0038.3%
Admnistrative Expense:
Service Providers:
Actuary14,265.0018,576.0017,537.0019.5%
Administrator9,661.009,700.0012,807.0014.2%
Auditor/ Accounting0.000.000.000.0%
Attorney/ Legal14,782.0010,520.009,543.0010.6%
Investment Consultant12,500.0012,500.0012,500.0013.9%
Subtotal (Administrative Expense)51,208.0051,296.0052,387.0058.2%
Other Plan Expenses:
Dues and Subscriptions620.00620.00750.000.8%
Insurance1,824.001,088.001,796.002.0%
Miscellaneous Expenses13,500.0022.00571.000.6%
Travel & Education0.000.000.000.0%
Subtotal (Other Expense)15,944.001,730.003,117.003.5%
TOTAL EXPENSE:92,794.0084,838.0089,992.00100.0%
Plan Fiduciary Net Position:
General7,129,1567,621,2157,721,729100.0%
TOTAL:7,129,156.007,621,215.007,721,729.00100.0%
Expense Ratio
Investment Expense0.36%0.42%0.45%
Administrative Expense0.94%0.70%0.72%
TOTAL EXPENSE1.30%1.11%1.17%
Note:ExpensetotalsagreetoamountsreportedinACFR,withdifferencesinclassificationbetweeninvestment
and administrative expenses. Investment expenses do not include internal mutual fund expenses.